Davis Polk is advising PwC on its agreement with GE to provide integrated, enterprise-managed tax services to GE on a global basis. As part of this agreement, PwC will hire more than 600 of GE’s highly regarded tax team members and acquire GE’s tax technologies. The new Global Enterprise Tax Solutions team will sit within PwC Tax and will provide managed services not only to GE but also to other PwC clients as well. The five-year, renewable agreement will be effective April 1, 2017.

PwC has the largest tax practice in the United States and the world with a global network of 41,000 tax professionals operating in 157 countries. GE is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive.

The Davis Polk corporate team includes partners H. Oliver Smith and Harold Birnbaum and associate Andrew D. Krause. Partner Pritesh P. Shah and associate Kevin A. Bensley are providing intellectual property and technology advice. Partner Kyoko Takahashi Lin, counsel Ron M. Aizen and associate Matthew R. Wood are providing executive compensation advice. Partner Rachel D. Kleinberg is providing tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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